Payne Foundation

Analysis

Payne Foundation is a registered charity in United States, based in Las Vegas, NV. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Payne Foundation reported income of $405k and spending of $374k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $405k (+8.7%), an average of +2.1% a year. The sharpest change came in the year to December 2022, when income rose by 226%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Payne Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 71st percentile within NV. Charities of a similar size with the same main cause include Knoxville Area Community Hospital Foundation ($405k), Roy Maas Youth Alternatives Foundation ($406k) and Endless Highway Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $120k (32% of expenses). At year end it held assets of $93k against liabilities of $0, net assets of $93k. It reported 2 employees.